Transnet Grilled in Parliament over Debt, Governance Failures and Audit Concerns – The Mail & Guardian

Transnet grilled in parliament over debt, governance failures and audit concerns – The Mail & Guardian

Despite showing signs of recovery from the Jacob Zuma state capture presidency, which was marked by the hollowing out of state-owned enterprises, logistics entity Transnet faced a barrage of questions from MPs in parliament on Tuesday. MPs appeared unimpressed with what they described as Transnet’s poor implementation of recommendations by the auditor-general, which flagged serious concerns about the state-owned entity’s financial sustainability…

Transnet grilled in parliament over debt, governance failures and audit concerns

Despite showing signs of recovery from the Jacob Zuma state capture presidency, which was marked by the hollowing out of state-owned enterprises, logistics entity Transnet faced a barrage of questions from MPs in parliament on Tuesday. MPs appeared unimpressed with what they described as Transnet’s poor implementation of recommendations by the auditor-general, which flagged serious concerns about the state-owned entity’s financial sustainability…